Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Thursday, April 30, 2015

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How to Get Bitcoins Free?

How to get free bitcoins
The easiest way to get bitcoins free by completing simple tasks, watching video, surfing sites, participating surveys and more. There are numerous websites which provide this opportunity to earn some free micro Bitcoins. For example, freebitcoin, Joker Times, Valley Bitcoin, FaucetBTC. These sites offer simple task like just visiting sites, captcha submission or playing simple games during a certain amount of time.
Getting  bitcoins by gambling or investing bitcoins. Bitcoin is thought to be perfect for gambling. Simply it is not possible to start gambling just investing one cent in casino butyou can do that when playing for Bitcoin. One of the most popular gambling websites for Bitcoins is SatoshiDice. Numerous casino sites, poker sites, slots, etc. are also to your service.
Another way of getting bitcoins through Trading. It is similar  gambling, especially in the world of cryptocurrencies where the price of a coin might change in a blink of an eye. However, trading is more like a science with its methods, strategies, and tools. Many people regard trading as their main activity which allows them earn a pretty good living.
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Why is Bitcoin value more Volatile?

bitcoin value
Bitcoin is traded for dollars, euros, yen, and other currencies in real time 24 hours a day. Depending on the demand for buying or selling bitcoin, the price can fluctuate from day to day. This is similar to the manner in which the value of a stock or property can go up or down based on supply and demand. Bitcoin’s value can be volatile compared to traditional currencies such as the US dollar because it is still an emerging technology.

Wednesday, April 29, 2015

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What is a satoshi?

bitcoins

A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC, that is, a hundredth of a millionth BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.

Further examples of units
1 BTC = 1,000 mBTC (millibitcoin)
1 BTC = 1,000,000 μBTC (microbitcoin)
1 BTC = 100,000,000 Satoshis
1 mBTC = 100,000 Satoshis
1 μBTC (microbitcoin) = 100 Satoshis
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What is bitcoin?

Bitcoin
Bitcoin is the first implementation of a concept known as "crypto currency", which was first described in 1998 by Wei Dai listed Try Us "cypherpunks" where he proposed the idea of ​​a new type of money that used the cryptography to control his creation and transactions, rather than it did a centralized authority. The first specification of the Bitcoin protocol and the published proof of concept Satoshi Nakamoto in 2009 on a mailing list. Satoshi left the project in late 2010 without revealing much about him. Since then, the community has grown exponentially and has many developers working on the Bitcoin protocol. 

Bitcoin is a new kind of money. It's the first decentralized electronic currency not controlled by a single organization or government. It's an open source project, and it is used by more than 100,000 people. All over the world people are trading hundreds of thousands of dollars worth of bitcoin every day with no middle man and no credit card companies. It's a startup currency which has never happened before. Bitcoin is the first digital currency that is completely distributed. The network is made up of users like yourself so no bank or payment processor is required between you and whoever you're trading with. This decentralization is the basis for Bitcoin's security and freedom.